On October 23, a number of large companies announced third-quarter financial results, with large differences in industry performance.Among them, Coca-Cola and Boeing have attracted much attention.Here are details of their earnings reports and summaries of other companies 'performance.

Coca-Cola: Raise prices to compensate for weak demand

Coca-Cola's performance exceeded market expectations.Despite the challenge of weak demand, Coca-Cola's revenue has increased through measures such as price increases.Earnings per share for the third quarter reached 77 cents, beating expectations by 74 cents, and adjusted revenue was $11.95 billion, slightly above market expectations.However, net income fell to $2.85 billion from $3.09 billion in the same period last year, reflecting continued challenges.

Coca-Cola's global unit sales fell 1% year-on-year, indicating weak demand in many regions.Among them, sales in North America remained stable, but the decline in sales of non-carbonated beverages offset the growth in carbonated beverages.Sales in international markets, especially in Europe, the Middle East, Africa and Asia Pacific, fell 2%, with China and Turkey performing particularly weakly.Still, Coca-Cola's 10% price increase has significantly boosted revenue, especially in highly inflationary markets such as Argentina.

Looking ahead, Coca-Cola has raised its forecast for 2024, predicting revenue growth to reach 10%, at the upper end of its previous forecast range (9%-10%).

Boeing: Facing major losses

Boeing reported a loss of $6 billion in the third quarter, its largest loss since the epidemic.New CEO Kelly Ortberg emphasized the company's need to streamline its organizational structure and improve product quality, especially in the wake of the 737 Max 9 safety incident.Although the company's revenue reached $17.84 billion, in line with expectations, the loss per share reached $10.44, close to market expectations of $10.52.

Boeing also faces the threat of union strikes. Since mid-September, about 32,000 mechanics have gone on strike, costing the company $1 billion a month.Boeing has proposed a new four-year contract with a 35% salary increase that the union will vote on today.If the vote is passed, it will end the strike at factories in the Seattle-area and help the company resume normal operations.

Performance of other companies: mixed results

• Enphase Energy shares fell 15% as fourth-quarter guidance fell short of market expectations.
• AT&T shares rose more than 2%, as profits beat expectations but revenue fell short of targets.
• Hilton Worldwide and Winnebago Industries reported poor results, with shares falling 4.3% and 8%, respectively.
• Texas Instruments shares rose 3%, benefiting from results that exceeded expectations.
• Seagate Technology and Deutsche Bank reported lower-than-expected guidance and profits, and their shares both fell more than 2%.
• Although GE Vernova's revenue exceeded expectations, its profits fell short of standards, and its share price fell 4%.